WASHINGTON –The Justice Department on Wednesday cleared CVS Health Corp.’s planned $69 billion merger with Aetna Inc. after the companies agreed to divest a Medicare prescription drug plan sold by the Hartford-based health insurer. Consumer groups, however, continue to oppose the deal.
WASHINGTON – The CEOs of the large health insurers hoping to close on historic mergers are telling investors and the public the deals are on track, but there still are a number of hurdles, and increasing opposition, to the deals.
WASHINGTON – Skeptical members of the Senate Judiciary Committee on Tuesday questioned Aetna CEO Mark Bertolini and Anthem CEO Joseph Swedish about their plans to merge with other large insurers, citing concerns about the consolidation’s impact on consumers.
Washington –- For years, insurance giant Aetna charged individual health insurance policyholders in Connecticut premiums far exceeding industry norms compared to what it paid out on medical claims. The oversized rates were allowed by the Connecticut Department of Insurance and only ended with the implementation of Obamacare.